UPDATE: ISI Group Raises PT to $34.50 on Westar Energy on Robust 2012 EPS, 2013 Guidance

ISI Group maintained Westar Energy WR with a Buy rating and raised the price target from $33.00 to $34.50. ISI Group noted, "We are raising our '13-'15 EPS forecast and target price to $34.50 from $33. We now forecast EPS of $2.09 / $2.17 / $2.29 vs. $2.05 / $2.15 / $2.25, reflecting company guidance for '13, a stable authorized ROE at 10%, and that sales growth trends to >1% by '15 as WR is seeing signs of economic improvement with uplift in basic materials, automotive supply chain, and food products manufacturing. A 50 basis point change in expected sales growth is worth $0.03/share in '13." Westar Energy closed at $31.81 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetAnalyst RatingsISI Group
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!